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UK sports expect gambling windfall18 May 2007UNITED KINGDOM -- As reported by the UK Guardian: "Major governing bodies are looking forward to a multimillion-pound windfall from the gambling industry after the government agreed to support demands for bookmakers to contribute a share of their profits to sport. "Tessa Jowell and Richard Caborn agreed at a meeting on Wednesday night to back the case of the five major sports - football, tennis, both codes of rugby and cricket - and Caborn will now contact bookmakers to try to negotiate a settlement. "ministers' support marks a major victory for sports that have been pushing for a contribution from the bookmaking industry for some time, arguing that the growth in gambling revenue from sports other than racing entitles them to a share of profits. They also believe the growing betting market threatens the integrity of their events and will cost more to police..." |